Effective April 19, 2010, three new important changes to mortgage rates will occur: 1. All borrowers will need to meet the standards for five-year fixed-rate mortgages regardless of whether they’re seeking a loan with a lower rate and shorter term. 2. The government is lowering the maximum amount Canadians can withdraw when refinancing to 90% [...]

For many Canadians, the home-purchase decision rests on one key factor – how much they can afford to pay every month. If you have a dependable, salaried job, the calculations are pretty straightforward. However if you’re self-employed or earn commissions, your monthly cash flow is likely to be unpredictable. Maybe you’re just beginning to earn [...]